BMW expects its automobile segment to record a solid year-on-year increase in deliveries, according to the company’s press release. The segment’s EBIT margin is projected to rise to between 6%…
Google will reduce the service fee for play store developers from 30% to 15% for the first $1 million of revenue earned each year, according to the company’s blog post.…
Bridgewater Associates Greg Jensen projects a new inflationary wave that could force the Fed to act earlier than planned, according to Bloomberg. Jensen expects Biden’s administration’s “extreme” approach to fiscal…
The U.S solar industry grew 43% year over year and installed a record 19.2 gigawatts of capacity in 2020, according to the Solar Energy Industries Association press release. Now, the…
Volkswagen aims to more than double deliveries of electric vehicles to 1 million this year, according to Reuters. The carmaker is also offering early or partial retirement to older employees,…
General Motors’ majority-owned autonomous vehicle subsidiary Cruise has agreed to acquire self-driving car start-up Voyage, according to CNBC. The companies did not disclose the terms of the deal. Voyage CEO…
Chinese government has asked Alibaba Group Holdings Ltd to dispose of its media assets, according to The Wall Street Journal. The move comes as officials are becoming concerned about the…
China’s unemployment rate for those aged 16 to 24 was 13.1% as of February, above the national urban jobless rate of 5.5%, according to the National Bureau of Statistics press…
Nintendo shares rose 1.6% in Tokyo on Monday after reports emerged it projects record software and Switch sales in the coming year, according to Bloomberg. A series of marquee game…
Deliveroo plans to sell about 1 billion pound or $1.39 billion of new shares in its upcoming initial public offering, according to Reuters. The listing will also include the sale…
India will propose a law banning cryptocurrencies and penalizing anyone trading or holding the digital assets in the country, according to Reuters. The proposed law, one of the world’s strictest…
Tesla shares rose 5.5% after CNBC-TV18 reported it is in talks with Indian conglomerate Tata Sons’ power generation unit, Tata Power, according to Reuters. The alleged talk with Tata Power…